U.S. stocks end with solid losses on renewed credit woes

4:30 pm ET Jul 31, 2007

DJIA

13,211

-146.32

S&P

1,455

-18.64

NASDAQ

2,546

-37.01

10Yr

4.77%

-0.033

U.S. stocks end with solid losses on renewed credit woes

NEW YORK
Word of trouble from the country's 10th-largest mortgage lender abruptly
pulled the plug on the stock market's attempted recovery, with the Dow
wiping out a two-day rally to end Tuesday with a near 150-point loss,
and a monthly decline of 1.5%.
American Home plunges on bankruptcy concern

SAN FRANCISCO
American Home Mortgage Investment Corp., the 10th largest mortgage
lender in the U.S., teetered on the brink of bankruptcy on Tuesday after
saying it can't pay back its creditors, potentially becoming the first
big lender outside the subprime mortgage business to go bust.

Credit crunch seen refocusing stock investors on fundamentals

SAN FRANCISCO
A tightening that's rippled across global credit markets could
significantly hamper two of the hottest trends that have helped fuel
stock market gains in recent years, market professionals say.

The Fed: Fed won't ride to rescue of upset markets: Poole

WASHINGTON
Financial markets understand that the Federal Reserve won't respond
quickly to a typical market upset such as last week's sharp stock
sell-off, St. Louis Fed President William Poole said Tuesday.

Dow Jones takeover appears likely with family support: report

LOS ANGELES
Dow Jones & Co.'s sale to Rupert Murdoch's News Corp. appeared all but
certain Tuesday, as more than half the total voting stock in the hands
of Dow Jones' controlling Bancroft family now supports the deal, The
Wall Street Journal reported.